Going with the Intraday Mini-Flow!!

[Smart_trade]

Hi Saint,

I was looking into past data and have a query about 02 July'08. Particularly about the SHORT trade to be taken or not??

Chart attached.

Thanks,
Amit

Hello amit,

After the sustained downmove we got hammer 0n 30,we got a bullish WRB ,so it is a case of likely V reversal as explained by Saint in his post to Alex,we should not go short at the place marked by you unless the bullish WRB we got at the bottom is fully negated.

It turned out to be a V reversal situation.

Best wishes for Muhurat trading to all !!!!

Smart_trade

 

[Saint]

Hi Saint,

I was looking into past data and have a query about 02 July'08. Particularly about the SHORT trade to be taken or not??

Chart attached.

Thanks,
Amit

Nope Amit........no pivot breaks on the 60min charts,30min charts at that point mentioned.Stops would not have been taken out.We of course got stopped out twice earlier on in the day.

With the way we are trading right now in this thread......we would have entered at 3904.Stopped and reversed to shorts at 3834.Reversed to longs at 3896 on the 15min charts and 60min charts.Added and Sold off on the way up to 4073.

Saint

 

[Saint]

Saint sir,

Do we need to look into smaller time frames today(Muhurat Trading) or everything is as usual?

Haribird.

Yes Hari....looking into smaller timeframes for today.Rules all same.Just stalking it via smaller timeframes.

Saint

 

[gsri]

Dear Saint
Happy Diwali to you.
Only for today , we will be looking at pivots in smaller time frames. Do you mean 5 min time frames ??

 

[TFL]

Haribird.

(Past data)

 

[musicjunkie]

Will be looking at 10min timeframe principally.

MJ-

 

[myvineet]

High=2683
low =2648

long above 2683+14=2697
short below 2648-14=2634

 

[trillian]

Long abv @ 2702

Short blw @ 2626

data : 5 paisa

 

[rishig38]

last diwali we had a closing in red...lets hope we get a closing in green this time around...personally im shooting for 2750 closing

 

[orderflow13]

low is 2640 on 5 tf now .. moving filter applied ?